Wisconsin native, conservative critic of everything.
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Wednesday, August 30, 2017

Talk-Talk vs. Walk-Walk

Amazon.com Inc., far from dominating the retail sector, is actually
the weakest of the big U.S. players based on operating results, Moody’s
Investors Service said Wednesday.

The e-commerce giant is the
subject of a number of myths regarding its size and clout that mask the
reality of its position compared with rivals like Wal-Mart Stores Inc...

Oh? From what you've seen on the InterTubes, Amazon is just the biggest....whatever....on Earth, and pretty soon it will be delivering goods to Mars!! BUY THE STOCK!! NOW!!!!

On the other hand....

...The perception that Amazon is poised to take over the grocery business via its acquisition of Whole Foods, which closed this week, is another myth, said O’Shea.

“Online
sales still account for only about 10% of overall U.S. retail sales,
with a much lower percentage in the grocery segment, leaving the big
brick-and-mortar retailers, led by Walmart, still really formidable
competitors in the industry,” he wrote....

Wait. There's more.

...While Amazon is clearly disruptive, it does not dominate any
category in which it operates. In consumer electronics, for example,
Amazon has about a third of the share of Best Buy Co. Inc.
BBY, -1.51%
.

“When it announced that it
would enter services, we think it received way more attention than it
deserved,” said O’Shea. “Best Buy has Geek Squad embedded with its
customers, and 20,000 employees will be difficult to tackle, especially
when considering the added advantage of the store base to support this
effort.”...

Umnnhhhh....Whole Wallet/Whole Paycheck does around $20BN in food sales. Kroger does around $130BN--and WallyWorld has 25% of the market with $200BN.

Say what you like, but in the end, bullshit walks. You might want to take a hard look at your Amazon holdings.